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Nonprofit · EIN 87-2358366

MAIN STREET ATMORE FOUNDATION

Tax-exempt · ATMORE, AL 36504

Financials

$353K$244K2023$240K$108K2024
Revenue Expenses · by fiscal year end
Financials of MAIN STREET ATMORE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$240,473$107,750$132,723$304,273$0$304,273
December 31, 2023990$352,984$243,570$109,414$171,550$0$171,550
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$189,727
Membership dues
$1,200
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$50,746
Other revenue
$50,746

Expenses

Grants and similar amounts paid
$93,254
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,500
Occupancy
$1,500
Program services (functional)
$103,943
Management and general (functional)
$3,807

Balance sheet and other

Total assets, start of year
$171,550
Total assets, end of year
$304,273
Total liabilities, end of year
$0
Net assets, end of year
$304,273
Net assets without donor restrictions
$304,273
Gross receipts
$241,064
Employees
0
Year formed
2022
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DALE ASHCHAIR
Trustee or director, Officer
2$0
CINDY COVILLEDIRECTOR
Trustee or director, Officer
2$0
SHELIO FAIRCLOTHCO-CHAIR
Trustee or director, Officer
2$0
MARY BESS POWELLTREASURER
Trustee or director
2$0
SHINORA REDMONDSECRETARY
Trustee or director
2$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
ALFREDO ALVIZODIRECTOR
Trustee or director
1$0
DALE ASHTREASURER
Trustee or director, Officer
2$0
TERRENCE BRECKENRIDGECO-CHAIR
Trustee or director, Officer
2$0
CINDY COVILLESECRETARY
Trustee or director, Officer
2$0
SHELIO FAIRCLOTHCHAIR
Trustee or director, Officer
2$0
LEIGH ANN JONESDIRECTOR
Trustee or director
1$0
GIA LANGHAMDIRECTOR
Trustee or director
1$0
ROBERT MAYSDIRECTOR
Trustee or director
1$0
SYDNEY MCGHEECO-CHAIR
Trustee or director, Officer
2$0
SHINORA REDMONDEXECUTIVE DI
Trustee or director
2$0
J ROSSDIRECTOR
Trustee or director
1$0
EDDIE TULLISDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 1054, ATMORE, AL 36504-1054
Mailing address (990-N for 2022)
201 East Louisville Ave, Atmore AL 36502
Principal officer (990 for 2024)
SHELIO FAIRCLOTH
Principal officer (990-N for 2022)
Shinora Redmond, 201 East Louisville Ave, Atmore AL 36502
Signed the 990
SHINORA REDMOND, SECRETARY
Phone
(251) 253-9787
Return prepared by
DAVIS BELL & AMERSON LLC

Mission

THE PURPOSES FOR WHICH THE MAIN STREET FOUNDATION IS ORGANIZED ARE TO STIMULATE DISTRICT REVITALIZATION IN THE CITY OF ATMORE, ALABAMA THROUGH ORGANIZATION (ENCOURAGING COOPERATION AND BUILDING LEADERSHIP IN THE BUSINESS COMMUNITY); ECONOMIC VITALITY (STRENGTHENING DOWNTOWNS EXISTING ECONOMIC ASSETS WHILE DIVERSIFYING ITS ECONOMIC BASE); PROMOTION (CREATING A POSITIVE IMAGE FOR DOWNTOWN BY PROMOTING THE DOWNTOWN AS AN EXCITING PLACE TO LIVE, SHOP, AND INVEST); DESIGN (IMPROVING THE APPEARANCE OF THE DOWNTOWN); AND TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS IN CONNECTION WITH ANY ACTIVITIES RELATED TO THE ABOVE PURPOSES.

990 for the year ended December 31, 2024

Program accomplishments

  • STIMULATE DISTRICT REVITALIZATION
    Expenses $103,943 · grants $93,254

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-2358366
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$304,273
Income (IRS master file)
$241,064

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$240,473$107,750$304,273XML
990December 2023$352,984$243,570$171,550XML
990-N for 2022
Officer: Shinora Redmond
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-2358366).

Questions about MAIN STREET ATMORE FOUNDATION

What is the EIN of MAIN STREET ATMORE FOUNDATION?
The employer identification number (EIN) of MAIN STREET ATMORE FOUNDATION is 87-2358366.
Is MAIN STREET ATMORE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MAIN STREET ATMORE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAIN STREET ATMORE FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAIN STREET ATMORE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAIN STREET ATMORE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MAIN STREET ATMORE FOUNDATION?
The 990 for the year ended December 31, 2024 names SHELIO FAIRCLOTH.
Who are the officers and directors of MAIN STREET ATMORE FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does MAIN STREET ATMORE FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $240,473, expenses of $107,750 and total assets of $304,273 at year end.

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